As chorus grows for tapering it's not really suspense what Mr.Bernanke will say in his last press conference as a FED CHAIRMAN but I am sure world would like to say THANK YOU BERNANKE for taking out from deep recession and probably world is getting financially stable though its to early to judge or comment on it but definitely there is great improvement.
Yesterday stocks slipped but finished above their intraday lows, as investors held off from making big bets pending what the Fed will say tomorrow at the conclusion of its policy meeting.There is clearly some uneasiness in the market," one portfolio manager says, but given the relatively mild downward move in stocks, "people aren't as fearful of tapering" as they once were, and for long-term investors, "a return to normalcy with the market standing on its own two feet should be encouraging.The Dow ended near breakeven, helped by strength from its largest component, Visa, which climbed to new 52-week highs; 3M and Boeing also rose after each announced increases to their dividend payments.The Treasury market showed little concern about the Fed, with the benchmark 10-year yield declining 4 bps to 2.84%; gold futures fell 1.1% to $1,230.10.
Following are trade calls for today,
Yesterday stocks slipped but finished above their intraday lows, as investors held off from making big bets pending what the Fed will say tomorrow at the conclusion of its policy meeting.There is clearly some uneasiness in the market," one portfolio manager says, but given the relatively mild downward move in stocks, "people aren't as fearful of tapering" as they once were, and for long-term investors, "a return to normalcy with the market standing on its own two feet should be encouraging.The Dow ended near breakeven, helped by strength from its largest component, Visa, which climbed to new 52-week highs; 3M and Boeing also rose after each announced increases to their dividend payments.The Treasury market showed little concern about the Fed, with the benchmark 10-year yield declining 4 bps to 2.84%; gold futures fell 1.1% to $1,230.10.
Following are trade calls for today,
- Sell Eur/Jpy 141.80 stop above 142.60 target 140.80/open
- Sell Dow jones around 15920 stop above 16000 target 15840/770
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